CFTC Allows Trust Companies To Settle Derivatives
The US Commodity Futures Trading Commission has permitted trust companies to settle derivatives, drawing pushback from traditional banks.
The US Commodity Futures Trading Commission (CFTC) has moved to let trust companies settle derivatives, a decision that has drawn pushback from traditional banking institutions regarding crypto firms entering the space, according to bloomingbit.
The regulatory shift allows trust entities to participate directly in derivatives settlement structures. Traditional lenders have voiced opposition to the move, expressing concern over the integration of crypto-focused firms into core financial market infrastructure.
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Key facts
- Regulator: US Commodity Futures Trading Commission (CFTC)
- Action: Permitted trust companies to settle derivatives
- Industry response: Traditional banks raised pushback against crypto firms
Source: news.google.com
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